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Terms used in freight forwarding such as Routing,Salvage Value,Salvage,Schedule B Number,Seals on Containers ,Service Contract,Service Bill etc.
This post explains about terms used in freight forwarding such as Routing,Salvage Value,Salvage,Schedule B Number,Seals on Containers ,Service Contract,Service Bill ,Ship Broker,Ship Agent,Service Level etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in freight forwarding
Routing:The determination of the most efficient route(s) that people, goods, materials and or means of transport have to follow. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee. The process of aiding a vessel's navigation by supplying long range weather forecasts and indicating the most economic and save sailing route.
S.C.Q.: Special commodity quotation.
S/:Shipper.
S/S LINE: Steamship line.
Said to Contain: STC Term in a Bill of Lading signifying that the master and the carrier are unaware of the nature or quantity of the contents of e.g. a carton, crate, container or bundle and are relying on the description furnished by the shipper.
Salvage Clause:A marine insurance policy clause which states the proportion of salvage charges for which underwriters are liable.
Salvage Lien:A maritime lien which exists when a ship or goods come into the possession of one who preserves them from the perils at sea. All salvage services carry with them a maritime lien on the items saved.
Salvage Value:The value on which salvage is awarded. It generally means the value of ship and cargoes when they have been brought to a place of safety by the salvors.
Salvage:The property which has been recovered from a wrecked vessel, or the recovery of the ship herself.
Salvage:The saving or rescue of a vessel and/or the cargo from loss and/or damage at sea.
Sc- salvage charges
SCA Fee- A charge applied by Forwarders and Consolidators in Australia to cover the costs associated with the operation of the Sea Cargo Automation System.
SCA -Sea Cargo Automation. The term applied by Australian Customs to the computer system that coordinates and controls the reporting and delivery of import seacargo in Australia.
SCAC CODE: Standard Carrier Alpha Code – a unique 2 to 4 letter code issued by the National Motor Freight Traffic Association in the USA used to identify transportation companies. SCACs are required for AMS and PAPS.
Scan: A computer term referring to the action of scanning bar codes or RF tags.
Schedule B - The Statistical Classification of Domestic and Foreign Commodities Exported from the United States. See AES.
Schedule B Number:A number from a published governmental list that classifies commodities being exported from the United States. Needed for completion of international shipping documentation.
Schedule:A timetable including arrival/departure times of ocean- and feeder vessels and also inland transportation. It refers to named ports in a specific voyage (journey) within a certain trade indicating the voyage number(s). In general: The plan of times for starting and/or finishing activities.
SCR -See Specific Commodity Rate
SDR -See Special Drawing Rights.
Seafreight: Charges of transporting cargo by sea.
Seal (container seal)-Usually a numbered or coded metal rod or metal band, used to seal the doors of containers after they have been packed. The seal number is usually recorded on The Bill of Lading, but may also be required by the consignee on other documents. Some types of seals provide better security than others. When shipping FCL loads of cargo which may be subject to pilferage, it may be better to use a good quality padlock.
Seal:A device used for containers, lockers, trucks or lorries to proof relevant parties that they have remained closed during transport.
Seal:A metal strip and lead fastener used for locking containers, freight cars or truck doors. Seals are numbered for record and security purposes.
Seals on Containers - Attached to locking device on container to prevent pilferage and to certify no tampering; made of steel by customs or carrier.
Seaworthiness:Fitness of a vessel to travel in open sea mostly related to a particular voyage with a particular cargo.
SED - U.S. Commerce Department document, "Shipper's Export Declaration." See AES.
Seller:Party selling merchandise to a buyer.
Sender:The (legal) person officially registered as such in the certificate of registry where the following particulars are contained: Name of vessel and port of registry Details contained in surveyors certificate The particulars respecting the origin stated in the declaration of ownership The name and description of the registered owner, if more than one owner the proportionate share of each.
Serial Number: A serial number is a unique number assigned for identification which varies from its successor or predecessor by a fixed discrete integer value. Common usage has expanded the term to refer to any unique alphanumeric identifier for one of a large set of objects, however in data processing and allied fields in computer science. Not every numerical identifier is a serial number; identifying numbers which are not serial numbers are sometimes called nominal numbers.
Serial Shipping Container Code: An 18-character identification number used to identify containers including pallets and boxes primarily for containers which are a part of a shipment covered by an Automated Shipment Notice (ASN).
Service Bill:A service Bill (of Lading) is a contract of carriage issued by one carrier to another for documentary and internal control purposes For internal documentary and control purposes a so-called participating agent in a consortium uses some kind of document which, depending on the trade, is referred to as 'Memo Bill' which will among others state: Name of Carrier on whose behalf the original document (Way Bill, Bill of Lading, etc.) was issued The original document number. The agent who issued the original document and his opponent at the discharging side The number of packages, weight and measurement, marks and numbers and goods description Further mandatory details in case of special cargo No freight details will be mentioned and the Memo Bill is not a contract of carriage.
Service Contract - As provided in the Shipping Act of 1984, a contract between a shipper (or a shipper's association) and an ocean carrier (or conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a defined service level (such as assured space, transit time, port rotation, or similar service failures). The contract may also specify provisions in the event of nonperformance on the part of either party.
Service Level Agreement (SLA): May be used in lieu of a contract to represent and document the terms of the performance based agreement for organic support.
Service Level: A metric, shown as a percentage, which captures the ability to satisfy demand or responsiveness. Order fill rates and machine or process up-time are examples of service level measures.
SETTLEMENT - Payment of air/ocean freight charges (less commission) by the destination office back to the origin office which prepaid the freight charges to the air/ocean carrier. It also divides the freight charge profits between the offices.
Ship Agent: A liner company or tramp ship operator representative who facilitates ship arrival, clearance, loading and unloading, and fee payment while at a specific port.
Ship Broker: A firm that serves as a go-between for the tramp ship owner and the chartering consignor or consignee.
The above details describes about terms called in freight forwarding such as Routing,Salvage Value,Salvage,Schedule B Number,Seals on Containers ,Service Contract,Service Bill ,Ship Broker,Ship Agent,Service Level etc These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in freight forwarding trade below this post. Terms used in freight forwarding such as rerouting,revenue ton ,roll-on roll-off,round voyage,route,road feeder service
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